Where Are We Now? Home sales, compared to 2008, showed improvement in the 3rd Quarter. At mid-year, sales were down 28%, but after the first 9 months of the year, sales are only 19% below the 2008 levels. In the third quarter, sales (845) were only down 6.2% from the same period in 2008 (901). This is the smallest year over year decline we have seen in several quarters in the Charlottesville area. July and August monthly sales were very close to 2008 levels, but September fell back a bit. As reported in the CAAR Mid-Year Market Report, significantly lower home prices (down 20% or more) are driving the pick-up in sales. In addition, the $8,000 tax credit for first time buyers has supercharged the sale of starter homes (below $300,000). 65% of home sales in the third quarter were in this starter home category, which is consistent with the overall trend for the entire year. The surge in first-time buyers is also a national trend. Home Sales for the First Nine Months There were 2,001 homes sold in the Charlottesville area during the first nine months of 2009, which was down 19.1% (-471 sales) from 2008. All local areas are still down from last year: Albemarle -5.4%, Charlottesville -27.4%, Fluvanna -25.3%, Greene -7.7%, Louisa -28.9%, Nelson -25.8%, and Orange -25.5%. Monthly sales for the region had improved slightly each month since November 2008, but that string was broken in August due to normal seasonal swings..If you are interested in BUILDING YOUR DREAM HOME, Proffit Ridge Community offers 17 "in-town" homesiters with beautiful MOUNTAIN VIEWS!..Call Marina for more details on both these opportunities.....434-465-0035. JUST LISTED IN THE CITY!!!!!!!! Belmont Village, 27 exceptional townhomes priced at $289,000..2-car garages, all upgrades included, best price in town! Call Marina for more details on both these opportunities.....434-465-0035.
ZIP Code: 22901 Location Characteristics: Location Characteristics: Albemarle County is centrally located in Virginia, 110 miles southwest of Washington,D.C.; 70 miles west of Richmond; 115 miles northeast of Roanoke. Albemarle County surrounds the City of Charlottesville, which has been cited as one of America's 100 best retirement towns, citing the Univeristy of Virginia, the Blue Ridge Mountains and the city's historic Downtown Mall among local attractions. Charlottesville has gained repeated recognition as one of Money Magazine's "Best Places in America". The climate (four seasons) is terrific. The topography, the environment, the charm, make this a most desirable area.
About Marina E. Ringstrom:
Marina Ringstrom knows Charlottesville ...."IT'S MY HOME!" ....my local market knowledge may very well be the Key to YOUR NEW HOME. As a former real estate marketing director and copy writer I know what attracts buyers..... in addition, I believe in creativity and hard work.
My family and I love the Charlottesville area and have called it home since 1996. Since relocating from Manhattan by way of Stockholm, Sweden, I understand the meaning of home and will be delighted to assist you in finding yours.
Whether it's New Construction, a previously owned property, golf course homesite , land with views, or a trendy condominium downtown, beautiful Charlottesville has it all!
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
